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Question about PIF on Amex Gold card

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Anonymous
Not applicable

Question about PIF on Amex Gold card

I got the Amex gold card about three months ago and am aware that the balance must be paid in full every month. My question is does the balance need to be paid in full by the payment due date or before the next statement cycle?

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2 REPLIES 2
coldfusion
Community Leader
Mega Contributor

Re: Question about PIF on Amex Gold card

You still get the float.   Put another way, if you make a charge in this billing cycle the charge will show up on your next statement and only then will payment in full be due, before the payment date associated with that next statement. 

(11/2024)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 2 of 3
Shooting-For-800
Senior Contributor

Re: Question about PIF on Amex Gold card

It is best to pay your stated statement balance before the due date.

You can get pay over time options for some of your charges but I recommend PIF.

GL!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



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